I was thinking.... And this might have been covered already, but does CGC differentiate Direct edition comics and newstand editions when they total up the census? I don't believe they do, but correct me if I'm wrong.
Take Spawn #1. I know they note if it is newstand on the label but if you look at the census for a direct edition or a newstand edition they both show 11895 in a universal grade 9.8. Some people want the newstand because it is "more rare" than a direct, but supposed those 11,895 9.8's are even divided between the two editions, how then can the price difference be justified? To me, once you grade a book, you just created another "edition" and if you have 600ish 9.8's in a newsy and 600ish 9.8's in a direct than to me the consensus is equal and the rarity and value should be the same? Maybe it's just my pea-brain overthinking it too much.